Recycled Polyethylene Terephthalate Market Trend Analysis and Future Growth Prospects to 2030

The global Recycled Polyethylene Terephthalate Market size was USD 9.32 Billion in 2021 and is expected to register a revenue CAGR of 7.2% during the forecast period. Increasing number of recycling programs, consumer behavior shifting towards sustainability, rising demand for recycled polyethylene terephthalate from the food & beverage industry, and stringent regulations on landfills are key factors driving the revenue growth of the market.

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Top Leading Players in The Global Recycled Polyethylene Terephthalate Market Are:

Verdeco Recycling, Evergreen – A Greenbridge Company, PolyQuest, Inc., Phoenix Technologies International, LLC, Placon, Indorama Ventures Public Company Limited, Loop Industries, Inc., Biffa, LIBOLON, and Plastipak Holdings, Inc.

Recycled Polyethylene Terephthalate Market Upcoming Growth:

The recycled polyethylene terephthalate (rPET) market is expected to experience significant growth in the coming years, primarily due to growing environmental concerns and increased demand for sustainable packaging solutions. rPET is a type of plastic that is made from recycled PET bottles and other plastic waste. The growing awareness among consumers about the environmental impact of plastic waste and the increasing adoption of sustainable packaging solutions are driving market growth. Additionally, the increasing adoption of rPET in the production of fibers, films, and sheets is further fueling market growth. The Asia Pacific region is projected to hold the largest market share, owing to the increasing demand from various end-use industries in countries like China, India, and Japan. With the growing focus on sustainability and the increasing demand for sustainable packaging solutions, the rPET market is poised for substantial growth in the coming years.

Segments covered in the report:

Type Outlook (Revenue, USD Billion; 2019-2030)

• Flakes
• Chips
• Others

Application Outlook (Revenue, USD Billion; 2019-2030)

• Bottles
• Sheet
• Fiber
• Strapping
• Others

Source Outlook (Revenue, USD Billion; 2019-2030)

• Bottles & Containers
• Films & Sheets
• Others

Processing Methods Outlook (Revenue, USD Billion; 2019-2030)

• Curbside Recycling
• Recycling Drives
• Recycling Banks

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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